CPO Prices Fall at KPBN Inacom on Friday (21/11) as Malaysian Market Closes Lower

PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom slipped to IDR 14,025/kg on Friday (21/11/2025), marking a decline of IDR 41/kg or about 0.29% compared to Thursday’s price of IDR 14,066/kg.

According to data received by Palmoilmagazine.com from KPBN, CPO Franco Dumai was set at IDR 14,025/kg, Franco Teluk Bayur at IDR 13,895/kg, and FOB Talang Duku at IDR 13,825/kg.

Meanwhile, Bernama reported that CPO futures on the Malaysian Derivatives Exchange ended the week weaker on Friday (21/11/2025), pressured by concerns over soft demand and expectations of rising output.

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The Malaysian Palm Oil Board (MPOB) projects that the country’s CPO production in 2025 will exceed 2024 levels. MPOB forecasts that output next year could reach 19.5 million tons, up from around 19.3 million tons recorded the previous year.

MPOB also expects Malaysia’s palm oil exports to grow in 2025. Official export performance data for the year will be released in January 2026 at MPOB’s annual review and outlook conference.

At the close of trade, the December 2025 contract dropped RM62 to RM4,050 per ton. January 2026 fell RM76 to RM4,063 per ton, and February 2026 slipped RM86 to RM4,069 per ton.

The March 2026 contract declined RM92 to RM4,078 per ton, April 2026 eased RM95 to RM4,082 per ton, while May 2026 contracted RM90 to RM4,084 per ton.

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Trading volume jumped to 121,669 lots from 70,608 lots the previous day, while open interest increased to 287,400 contracts from 278,925.

On the global vegetable oil market, the most actively traded soybean oil contract in Dalian fell 1.04%, while palm oil futures on the same exchange slipped 1.03%. Soybean oil on the Chicago Board of Trade also dipped 0.51%.

KPBN Tender Results (IDR/kg), Excl. VAT — Friday (21/11/2025):

CPO
• Franco Dumai: 14,025 – IBP
• Franco Teluk Bayur: 13,895 – WIRA
• FOB Talang Duku: 13,825 – MM

CPKO
• Franco Belawan: 24,168 (WD). Highest bid: 24,050 – PMI
• Loco Lampung: 24,094 (WD). Highest bid: 22,925 – IKIN

(P2)